Star Paper Mills Limited has informed the Exchange about Copy of Newspaper Publication informing shareholders in respect of transfer of shares to IEPF
STARPAPER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Star Paper Mills Limited has published a notice in newspapers to inform shareholders that certain shares are being transferred to the Investor Education and Protection Fund (IEPF). Under Indian law, companies are required to transfer shares of shareholders who have not claimed dividends for seven or more consecutive years to the IEPF. This newspaper publication is a mandatory step in that process, giving shareholders a final chance to take action. The notice likely lists the folio numbers or details of the affected shareholders. Shareholders whose shares are being moved can still reclaim them by following the IEPF refund process.
This is a routine regulatory compliance filing and not expected to materially impact the stock price. However, shareholders who have not been in touch with the company should check if their shares are among those being transferred and act promptly to claim them.